Compare 2013 Lincoln MKT Car Insurance Cost

Are you kicking yourself for buying an underperforming, overpriced car insurance policy? Trust us when we tell you there are many consumers feeling the pinch from expensive car insurance.

Multiple auto insurance companies compete for your insurance dollar, and it can be difficult to compare rates to discover the definitive lowest price

Lincoln MKT insurance cost factors

One of the most helpful ways to save on insurance is to to have a grasp of the rating factors that come into play when calculating the rates you pay for insurance. If you understand what determines base rates, this helps enable you to make changes that can earn you big savings. Many factors are part of the equation when premium rates are determined. Some are obvious such as your driving record, but other factors are not as apparent like where you live or how financially stable you are.

• Accidents are costly – Having a clean driving record influences premium rates substantially. Careful drivers receive lower rates than bad drivers. Only having one chargable violation can increase the cost of insurance by twenty percent. Drivers who have received multiple citations like DWI, reckless driving or hit and run convictions may find that they have to to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to legally drive a vehicle.
• Men drivers tend to cost more – Over time, data shows females are less aggressive when driving. The data does not necessarily mean that women are better drivers. Men and women are in accidents at a similar rate, but the male of the species tend to have more serious accidents. Men also statistically get ticketed for serious violations such as DWI and reckless driving. Males from age 16 to 21 are most likely to cause an accident so they pay the highest premiums.
• Is you job costing you more? – Jobs like real estate brokersairline pilots and financial analysts have higher premium rates attributed to intense work requirements and lots of time spent away from family. Conversely, jobs such as farmers, engineers and homemakers get better rates on MKT coverage.
• What’s your car’s NHTSA crash test rating? – Vehicles that have high safety ratings tend to have better insurance rates. Highly rated vehicles reduce the chance of injuries and fewer serious injuries means less money paid by your insurance company and lower rates for you. If the Lincoln MKT has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
• Being married is a bonus – Getting married actually saves money compared to being single. Having a spouse generally demonstrates drivers are more mature it has been statistically shown that drivers who are married are more cautious.
• When should you file a policy claims? – If you file claims often, you can pretty much guarantee higher rates. Auto insurance companies provide cheaper rates to people who are claim-free. Insurance coverage is intended for more catestrophic claims.
• Save by driving less – The more miles you rack up on your Lincoln each year the more you’ll pay to insure it. The majority of insurers charge rates based upon how you use the vehicle. Autos left parked in the garage can be on a lower rate level compared to those used for work or business. Improper usage on your MKT may be costing you higher rates. Ask your agent if your declarations sheet is rated on the right rating data.
• GPS tracking and theft deterrents lower premiums – Choosing a vehicle with a theft deterrent system can get you a discount on your insurance. Anti-theft devices such as OnStar, LoJack tracking, and tamper alarms help track and prevent vehicle theft.

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These discounts can cut auto insurance rates

Some providers do not list the entire discount list very well, so the following list contains some of the best known as well as some of the hidden credits available to bring down your rates. If you’re not getting every credit you deserve, you could be saving more on your auto insurance.

• Theft Deterent – Cars, trucks, and SUVs with anti-theft systems have a lower chance of being stolen and can earn a small discount on your policy.
• First Accident Forgiveness – This one isn’t a discount, but a handful of insurance companies will let one accident slide before hitting you with a surcharge so long as you haven’t had any claims prior to the accident.
• Homeowners Pay Less – Being a homeowner can get you a discount due to the fact that maintaining a home demonstrates responsibility.
• Good Student – A discount for being a good student can save 20 to 25%. Most companies allow this discount well after school through age 25.
• Bundled Policy Discount – If you combine your auto and home policies and place coverage with the same company they may give you a discount of as much as 10 to 15 percent.

Discounts save money, but please remember that many deductions do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, you’re out of luck.

If you would like to see a list of providers with the best auto insurance discounts, click here.

When do I need an agent’s advice?

When buying adequate coverage for your vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. These are some specific questions may help you determine if your insurance needs might need professional guidance.

• Will filing a claim cost me more?
• Should I drop comprehensive coverage on older vehicles?
• Who is covered by my policy?
• Should I buy more coverage than the required minimum liability coverage?
• Can I afford to buy a different vehicle if my 2013 Lincoln MKT is totaled?
• Why do I need rental car insurance?
• Is my ex-spouse still covered by my policy?
• Are rock chip repairs covered?
• Will my insurance pay for OEM parts?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.

Educate yourself about insurance coverages

Understanding the coverages of insurance aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages available from insurance companies.

Comprehensive protection

This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, theft, fire damage, hitting a bird and vandalism. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as damaging your car on a curb, colliding with another moving vehicle, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also choose a higher deductible to bring the cost down.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as dental work, pain medications, hospital visits and surgery. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Liability coverage

This coverage protects you from damage or injury you incur to a person or their property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as structural damage, medical services and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Lincoln MKT.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Normally these limits are similar to your liability insurance amounts.

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Stretch your dollar

We covered some good ideas how to lower your 2013 Lincoln MKT insurance premium rates. The most important thing to understand is the more companies you get prices for, the better your comparison will be. You may be surprised to find that the lowest priced auto insurance comes from a small local company. Some small companies may only write in your state and offer lower prices as compared to the big name companies such as State Farm, Geico and Nationwide.

Affordable 2013 Lincoln MKT insurance can be bought online and also from your neighborhood agents, so you need to quote insurance with both to have the best selection. Some insurance companies may not provide online rate quotes and most of the time these small insurance companies only sell coverage through independent agencies.

For more information, take a look at the articles below:

• Get the Right Protection (InsureUonline.org)
• Auto Insurance FAQ (Farmers Insurance)
• How to Avoid Common Accidents (State Farm)
• Rental Reimbursement Coverage (Allstate)

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